Former Director of the U.S. Mint Ed Moy has become the first to officially purchase a ‘Bitcoin IRA’: an investment product for retirement accounts available exclusively from BitcoinIRA.com. The investment product is specifically designed for IRA and 401(k) plans. Moy, who also serves as Chief Strategist for BitcoinIRA.com, invested using an IRA he opened with the help of Kingdom Trust, a qualified custodian that specializes in unique and innovative solutions for investors and serves over 78,000 clients with over $8.5 billion in assets under custody.
Moy remarked: “Bitcoin is one of the most important currency innovations in decades. It’s a decentralized, global form of money, so its value isn’t tied to the economy of any one specific country. That makes it an excellent way to diversify your investments. Digital currency like bitcoin is the future, and BitcoinIRA.com is at the forefront of this financial revolution. I’m proud to be the first to use a Bitcoin IRA to protect my retirement.”
Charles Ives, President of Kingdom Trust, which has an exclusive partnership with BitcoinIRA.com, commented: “We’re thrilled to be at the forefront of bitcoin investments in the IRA market. Kingdom Trust is proud and excited to be part of this extraordinary moment for retirement investing,”
The bitcoins are held in an anonymous, securitized digital wallet, facilitated via BitcoinIRA.com’s partnership with BitGo, provider of blockchain security and multi-signature wallets. Unlike other bitcoin investment options, the ‘Bitcoin IRA’ enables investors to store actual bitcoins in their IRA or 401(k).